Australia: Shares post sharpest fall in 4 weeks as central bank holds rates
[SYDNEY], June 2 (Reuters) - Australian shares fell the most in four weeks on Tuesday as tumbling commodity prices and the Reserve Bank of Australia's decision not to cut rates weighed on investors.
After opening slightly higher, the S&P/ASX 200 index soon changed course to close down 99.4 points or 1.7 per cent at 5636.0, its biggest one-day decline since May 6.
New Zealand's benchmark NZX 50 index rose 0.3 per cent or 18.8 points to finish the session at 5863.7.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard